Related Keywords: done well compared to other sectors on export front, Indian textile industry, lower than the target set, poor market conditions, recessionary trends in Europe and the US markets Government for textile and clothing, subdued trend in exports, TECHNOTEX, textile exports remained flat at USD 40 million, Union Minister Santosh Gangwar
The textile industry despite poor market conditions has done well as compared to other sectors on export front. India’s textile exports remained flat at $40 billion in 2015-16 which is lower than the target of $47.5 billion set by the government for textile and clothing, Union Minister Santosh Kumar Gangwar said after the inauguration of Technotex 2016 conference here.
The industry experts said that the subdued trend in exports was due to recessionary trends in Europe and the US markets. In 2014-15, textile exports stood at $41.4 billion.
